The Latest

Banks dump those debit-card fees in advance of Bank Transfer Day

Our lead news story this week is about "Bank Transfer Day" — the consumer movement in which bank customers are urged to close their accounts at megabanks and establish new accounts at community credit unions or small local banks. The impetus was the new "debit card fees," which some banks were about to start charging for customers who like to use their debit cards for purchases. (Read the story here — along with the reasons the banks may not care about losing your puny account, peasant.)